Global Economy

Dan Loeb's Q4 Letter: Trump Will Make Investing Great Again

"This environment is undoubtedly better for active investing – just as active investing was considered to be on its deathbed. Higher rates will create opportunities, reversing the one?way trade in yields that dampened the past few years."

Dollar Slide Accelerates After Fed Fails To Boost Confidence, Pressures US Futures

European shares and S&P futures fell amid mixed earnings from corporate heavyweights, while Asian stocks were fractionally higher. The dollar slump continued against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about.  The U.S. currency dropped toward the lowest close since November after the Fed reiterated its intention on Wednesday to lift rates only gradually.

A Time For Caution

"We have argued the current monetary regime is in its evanescence, and that the Fed is trying to raise rates to attract global wealth to dollars and dollar-denominated assets as global leverage, demand and output growth declines. If we are right, then we should not expect other economies to sit by idly... which keep us cautious on equities, bullish on Treasuries and gold, and negative on credit:"

60% Of US Metro Areas See More Businesses Close Than Open

It may come as a surprise that Americans are less likely to start a business, move to another region of the country, or switch jobs now than at any time in recent memory. But dynamism is in retreat nationwide and in nearly every measurable respect.

February’s FOMC Meeting: A Powder Keg In Search Of A Match

This “powder keg” may not wait until then. For “then” (March) may be a moment too late. (Just ask Caesar). Circumstances are now showing this “powder keg” could in fact become – self-combusting. All courtesy of The Fed’s own words whether, stated, implied, written, or imagined.

Gartman: "Our Propensity Is To Find Modest Long Exposure Today"

"Our “net” equity market exposure then is relatively minor but given the longer term trend and given the minor correction to the downside over the course of the past three or four sessions, accompanied by rather obviously declining volume on the exchanges, our propensity is to find modest long exposure today."

Global Stocks, Futures Slide On US Protectionism Worries Following Trump Travel Chaos

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday.

The Coming Era Of Depression Economics

"Like it or not, this is where we have been all along and a great many people are just now catching up. No matter what Janet Yellen says about the economy, she is talking out the side of her mouth. Internally, the recovery is gone, and it is never coming back."